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Jan 23, 2013
01/13
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CNBC
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the house passed that bill to permit the government to keep on borrowing for about four more months. eamon jafers, the idea is to buy more time to get a budget deal right. >> that's exactly right, mandy. in the end, the final vote was, 285 to 144 so the measure does pass and what it does is two things. you are right, it buys time, kicks the debt ceiling back into may 19. that point they could borrow as much money as they like up to that point. after that they will reimpose a debt ceiling, they say. and suspect the pay of members of congress if their chamber of commerce hasn't agreed. politically wloo what it does is puts the debt ceiling fight down the list of political fights that are upcoming and it brings up the fight over sequestering. remember from the fiscal cliff. pe just kicked the sequestering back to the giping of march and political battle over spending cuts is something the republicans would much rather have as opposed to a fight over potential default on u.s. obligations in which they can be po portrayed as reckless. republicans liked it and voted for it but in the end t
the house passed that bill to permit the government to keep on borrowing for about four more months. eamon jafers, the idea is to buy more time to get a budget deal right. >> that's exactly right, mandy. in the end, the final vote was, 285 to 144 so the measure does pass and what it does is two things. you are right, it buys time, kicks the debt ceiling back into may 19. that point they could borrow as much money as they like up to that point. after that they will reimpose a debt ceiling,...
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Jan 18, 2013
01/13
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CNBC
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the costs of their care landing in the government's lap. what about that? >> maria, i couldn't disagree more with max. i believe that this is a very courageous proposal from the business roundtable put together by gary loufman of cesare's who used to be a colleague of mine at harvard business school. if you hit 65, the expectsy is 20 years. medical technology is learning how to keep people alive longer and longer, but we still have our disease-prone years hitting about the same time, in the late 50s, so i think people are going to have to work longer. we'll need these workers, and i think this is a very sound way to get medicare solvent. it won't be solvent today. unbounded costs in medicare. lifestyles are pushing it up and end-of-life issues, and there's just tremendous upward pressure on medicare costs, and i'm extremely concerned we won't be able to fund it, or else it will squeeze everything out of the budget. first of all this, proposal is going to be phased in. doesn't affect anyone at all who is over the age of 55, so they are all excluded, and, fra
the costs of their care landing in the government's lap. what about that? >> maria, i couldn't disagree more with max. i believe that this is a very courageous proposal from the business roundtable put together by gary loufman of cesare's who used to be a colleague of mine at harvard business school. if you hit 65, the expectsy is 20 years. medical technology is learning how to keep people alive longer and longer, but we still have our disease-prone years hitting about the same time, in...
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Jan 17, 2013
01/13
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CNBC
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government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the president won't accept cuts before we go the american people and say it's unreasonable to have a president of the united states who doesn't think we have to have spending cuts. >> i would be advising the president the same thing. look out to congress you guys send me a bill to raise the debt ceiling. >> you would be advising the president. >> use the spending sequester. it's so important to drive through and then the continuing resolution. a lot of damage can to be done on these three to six months crs. thank you very much. now we have evidence of some strength in the economy. today the numbers are pretty good. will it keep spurring the stock market? i'm bullish on that story. with the spark cash card from capital one, sven gets great rewards for his small b
government. >> nobody is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the president won't accept cuts before we go the american people and say it's unreasonable to have a president of the united states who doesn't think...
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Jan 17, 2013
01/13
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LINKTV
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anti-government's line is the worst will soon be over. -- if the government's line is the worst will soon be over. >> the forces for growth are intact. the labor market is robust. incomes are rising. price increases will stay moderate. germany is doing well. >> growth averaged 0.7% last year. the government says it will drop to 0.4% this year. that will be part of an upward swing as growth is forecast to go back up to 1.6% the following year. >> the return of growth could be good news for some of germany's neighbors, like france and the netherlands, who will be able to export more to the country, but it could be bad news for nations such as greece and spain gilead if the european central bank fears more german growth will lead to higher inflation, it could raise interest rates. >> higher interest rates imply falling prices in countries -- it would be more expensive for them to refinance their debt and would be more difficult for firms to refinance their credit. this could be a problem. the strong economic situation in germany could be a problem for the economic situation of crisis co
anti-government's line is the worst will soon be over. -- if the government's line is the worst will soon be over. >> the forces for growth are intact. the labor market is robust. incomes are rising. price increases will stay moderate. germany is doing well. >> growth averaged 0.7% last year. the government says it will drop to 0.4% this year. that will be part of an upward swing as growth is forecast to go back up to 1.6% the following year. >> the return of growth could be...
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Jan 17, 2013
01/13
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WGN
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any of reported lost, stolen or transferred firearm it's frankly embarrassing that everyone in the government is taking this long. so many gun owners say that they want to enforce the laws that are already on the books. the trouble for a big airplane the major embarrassment for the chicago-based boeing another chicago area school district on strike but there are signs tonight that progress is being made and hope for those of you with their skin that do not hold up well against the winter. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one gimme one! the power of the "name your price" tool. only from progressive. the latest and greatest from boeing is grounded the federal aviation administration has temporarily grounded all plans after a battery failure. the only u.s. carrier to be affected is
any of reported lost, stolen or transferred firearm it's frankly embarrassing that everyone in the government is taking this long. so many gun owners say that they want to enforce the laws that are already on the books. the trouble for a big airplane the major embarrassment for the chicago-based boeing another chicago area school district on strike but there are signs tonight that progress is being made and hope for those of you with their skin that do not hold up well against the winter. where...
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Jan 23, 2013
01/13
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FBC
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the middle eastern government. aware the emirate's nation. [indiscernible] gerri: how does he not know? how does he not now? >> and earlier in the interview he said, i was a writer, director, but i also have my producer's hat on. i went all the meetings. look, everyone has great ideas in hollywood. the big steel is getting the money. of course knew where was from. it's -- and it's a big story. i think that's another reason why promise land failed. people didn't like where the money came from. it did not like the way matt damon handle that. c'mon. man up. admit. i'm saying to the ag, the man. gerri: you get the award for balls in a standing up in a room like that and asking him the hard question. it's great to have you on the show. thank you for coming on. come back sometime sen. >> great. it's a pleasure. gerri: watch it. it's awesome. thank you so much. all right. now we want to know what you think. here's our question. is president obama's green agenda hurting our energy development? log on to gerriwillis.com and on the right hand side of t
the middle eastern government. aware the emirate's nation. [indiscernible] gerri: how does he not know? how does he not now? >> and earlier in the interview he said, i was a writer, director, but i also have my producer's hat on. i went all the meetings. look, everyone has great ideas in hollywood. the big steel is getting the money. of course knew where was from. it's -- and it's a big story. i think that's another reason why promise land failed. people didn't like where the money came...
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Jan 15, 2013
01/13
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CNBC
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the government can do a lot more. that can incentivize the investment and job activities. >> we'll still got an unploichlt rate. >> ru cow it seemed and we had just gone through. what has happened over the first four years is there's been an i'd lock cal impasse, and i think we're beyond that now. >> can i ask you a question? you're a self-made guy. your grandfather was a doorman at a hotel. your dad was a car mechanic. you're a millionaire now. you've scratched and clawed your way up. at what the point do you think help starts to help? >> when i say innocent advice it, i don't think with where we get to a too much help. the government providing incentives for economic stimulation by a lot of small businesses an also deregulated at of lour our small businesses where we can be competitive again. >> good answer. don, thank you very much. don peebles of peebles corporation. still ahead, a company begging to slice and dice. that's the post office. why congress is saying no. >> 11 president $3 trillion. that's how much deb
the government can do a lot more. that can incentivize the investment and job activities. >> we'll still got an unploichlt rate. >> ru cow it seemed and we had just gone through. what has happened over the first four years is there's been an i'd lock cal impasse, and i think we're beyond that now. >> can i ask you a question? you're a self-made guy. your grandfather was a doorman at a hotel. your dad was a car mechanic. you're a millionaire now. you've scratched and clawed...
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Jan 18, 2013
01/13
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KQED
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citi's legal expenses rose sharply because of a settlement it and other banks reached last week with the government over illegal foreclosure practices. results at bank of america were also weighed down by that deal. but an even bigger hit to of b. of a.'s earnings came from a settlement with fannie mae to end a dispute over bad home loans. the bank earned 3 cents a share in the period, a big drop from the 15 cents earned in the same period last year. c.e.o. brian moynihan tried to put a positive spin on today's results. >> our strategies continue to work, were seeing growth across all the core businesses. were seeing that momentum continue to accelerate. >> reporter: but for today, at least investors weren't convinced. erika miller, "n.b.r.," new york. >> susie: our next guest says citi and bank of america investors have to be prepared for a few more bumpy quarters. nancy bush is banking analyst at s.n.l. financial. so nancy when are all of these mortgage problem goesing to go away. here we are in 2013 and we're still hearing from these banks will problems with mortgages and settlements and chargeo
citi's legal expenses rose sharply because of a settlement it and other banks reached last week with the government over illegal foreclosure practices. results at bank of america were also weighed down by that deal. but an even bigger hit to of b. of a.'s earnings came from a settlement with fannie mae to end a dispute over bad home loans. the bank earned 3 cents a share in the period, a big drop from the 15 cents earned in the same period last year. c.e.o. brian moynihan tried to put a...
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Jan 17, 2013
01/13
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FOXNEWSW
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the british prime minister, david cameron, says his government did not know. he seemed to be somewhat perturbed by that. he also appeared to be preparing the british public for bad news. listen. >> we know that this is a very difficult situation as algerian forces have attacked the compound, and it is a fluid situation, ongoing, very uncertain. so i don't want to say anymore than that now. i think we should be prepared for the possibility of further bad news. very difficult news in this extremely difficult situation. >> now, following on from that, we understand that algerian state television has just reported that four people died in this operation, two from britain, and two from the philippines, but as with pretty much everything in this situation, greg, we have no confirmation of that. >> jonathan hunt, thanks very much. the the apparent ringleader of this attack on the algerian gas facility is a veteran jihadist with ties to al qaeda, and lawmakers say al qaeda had a hand in preplanning the entire thing. katherine is live from washington. what are we learn
the british prime minister, david cameron, says his government did not know. he seemed to be somewhat perturbed by that. he also appeared to be preparing the british public for bad news. listen. >> we know that this is a very difficult situation as algerian forces have attacked the compound, and it is a fluid situation, ongoing, very uncertain. so i don't want to say anymore than that now. i think we should be prepared for the possibility of further bad news. very difficult news in this...
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Jan 16, 2013
01/13
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FBC
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he seemed annoyed at the fact that he had to deal with a coequal branch of government. a group of pesky individuals elected by the people. >> yes, that's right. we have the audacity to insist that we follow the law and that we continue to make the law and yes, we have our work cut out for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the debt ceiling is raised, the spending gets raised. and it never comes back down. >> that's right, it goes up and it never comes back down. in the past, sometimes we have insisted on cuts along the way. now we're finding ourselves in a position where we have $16.5 trillion of debt and cuts are not going to cut it anymore. it has to be more than cuts. it needs to be permanent structural spending reform. that's what we need. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts
he seemed annoyed at the fact that he had to deal with a coequal branch of government. a group of pesky individuals elected by the people. >> yes, that's right. we have the audacity to insist that we follow the law and that we continue to make the law and yes, we have our work cut out for us. >> i was noticing that since 1990, we have raised the debt ceiling 18 times. back in 1990 come the first time we raised it, the debt ceiling was $3.12 trillion. the debt ceiling is raised, the...
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Jan 18, 2013
01/13
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WJZ
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citi's legal expenses rose sharply because of a settlement it and other banks reached last week with the government over illegal foreclosure practices. results at bank of america were also weighed down by that deal. but an even bigger hit to of b. of a.'s earnings came from a settlement with fannie mae to end a dispute over bad home loans. the bank earned 3 cents a share in the period, a big drop from the 15 cents earned in the same period last year. c.e.o. brian moynihan tried to put a positive spin on today's results. >> our strategies continue to work, were seeing growth across all the core businesses. were seeing that momentum continue to accelerate. >> reporter: but for today, at least investors weren't convinced. erika miller, "n.b.r.," new york. >> susie: our next guest says citi and bank of america investors have to be prepared for a few more bumpy quarters. nancy bush is banking analyst at s.n.l. financial. so nancy when are all of these mortgage problem goesing to go away. here we are in 2013 and we're still hearing from these banks will problems with mortgages and settlements and chargeo
citi's legal expenses rose sharply because of a settlement it and other banks reached last week with the government over illegal foreclosure practices. results at bank of america were also weighed down by that deal. but an even bigger hit to of b. of a.'s earnings came from a settlement with fannie mae to end a dispute over bad home loans. the bank earned 3 cents a share in the period, a big drop from the 15 cents earned in the same period last year. c.e.o. brian moynihan tried to put a...
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Jan 17, 2013
01/13
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KGO
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it's grounded until it can prove to the federal government that the airline has fixed the problem with the battery that continues to overheat. united is the only u.s. carrier flying the 787 so far. the plane of the future is expected to dominate american skies soon. but right now, as you say, only six are flying. there are 50 total flying in the world. most of them in japan. and japanese authorities grounded all of their 787s overnight after a battery warning light and the smell of smoke forced an emergency landing there. panicked passengers were evacuated on the emergency chutes. three people suffered minor injuries, but the most damage has been done to the reputation of america's largest plane manufacturer. >> but all along, inspectors seem to be saying these aren't real safety issues. are we now seeing safety issues? >> reporter: it has to be a safety issue, for the faa to ground it. they're worried they don't have a handle on that battery fire. and until they do, and there was a fire, possibly a fire in the air over japan, they don't want these planes flying until they fix it. >> o
it's grounded until it can prove to the federal government that the airline has fixed the problem with the battery that continues to overheat. united is the only u.s. carrier flying the 787 so far. the plane of the future is expected to dominate american skies soon. but right now, as you say, only six are flying. there are 50 total flying in the world. most of them in japan. and japanese authorities grounded all of their 787s overnight after a battery warning light and the smell of smoke forced...
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Jan 17, 2013
01/13
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CNBC
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here's a bunch the things the government has to pay. interest on the debt. federal salaries, $19 billion. you've got to pay your tax refunds. if you were the treasury secretary, how could the possibly match incoming cash, which is about $2 7 billion a month with expenses? we have rigged the game here to work. if you decided to pay all of these things, federal salaries, retirement, interesting that would be your total cash flow, which means you could not fund, come on over here, these things. you wouldn't fund health and human services, not pay tax refunds, close down justice, fema, energy, f.a.a. that is how you match the two things. finally one last thing here, the difference between the fiscal cliff and debt ceiling. fiscal cliff we thought would be a 4% hit to gdp, and i don't know, 400, $500 billion. take a look now at what the debt ceiling would be, if you reached the debt ceiling and reduced government spending by that amount, mark sandy, others suggest it should be a 7% hit to gdp. so, simon, a big war of numbers, and big war of words on both sides, a
here's a bunch the things the government has to pay. interest on the debt. federal salaries, $19 billion. you've got to pay your tax refunds. if you were the treasury secretary, how could the possibly match incoming cash, which is about $2 7 billion a month with expenses? we have rigged the game here to work. if you decided to pay all of these things, federal salaries, retirement, interesting that would be your total cash flow, which means you could not fund, come on over here, these things....
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Jan 16, 2013
01/13
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CNBC
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member of the ecb governing council, as well. you see the spike -- we had the session chart, what i was looking for. you would have seen a spike up. we're currently trading at 1.3321. we're sort of 1.3220 before he dismissed comments from the euro group chairman yesterday saying the exchange rate was dangerously high in terms of euro/dollar. he said the euro rate was not a concern and says he thinks banks are far less rely ant on ecb funding. those things helping the euro into positive note for the session. on a downbeat side, expressing the weakness in the eurozone. we had poor european car registrations, down % in december, vomgs for the eurozone alone, down 11% to nine million. sharply lower than the vehicles sold in the previous two years, as well. some stocks that are down, daimler off, renault down .75%. italian sales, poor. bmw the standout, up .4. there were only two countries in the whole of the e.u. where they improved new car registrations, one was the u.k. although the wider economy is fairly weak. and with bond yield
member of the ecb governing council, as well. you see the spike -- we had the session chart, what i was looking for. you would have seen a spike up. we're currently trading at 1.3321. we're sort of 1.3220 before he dismissed comments from the euro group chairman yesterday saying the exchange rate was dangerously high in terms of euro/dollar. he said the euro rate was not a concern and says he thinks banks are far less rely ant on ecb funding. those things helping the euro into positive note for...
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Jan 17, 2013
01/13
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CNBC
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the body language mandy is government officials around the world with a hostage situation in algeria with seven americans could turn out very badly. sometimes last night or early this morning, they tried to take control of the national gas plant in a month. there is zero clarity or detail on what has happened since that military operation began. there are reports in the country of casualties but those are unconfirmed. just ten minutes ago, david cameron told reporters that we should be prepared for potentially a bad outcome. >> a number of british citizens taken hostage, we know one who very sadly died. and we know this is a very difficult situation as algerian forces attacked and it is a fluid situation that is ongoing. it is very uncertain. so i don't want to say any more than that now. i think we should be prepared for the possibility of further bad news, very difficult news in this extremely difficult situation. >> cameron now postponing what was supposed to be a huge and potentially controversial speech he will make tomorrow about the membership of the european union. french pre
the body language mandy is government officials around the world with a hostage situation in algeria with seven americans could turn out very badly. sometimes last night or early this morning, they tried to take control of the national gas plant in a month. there is zero clarity or detail on what has happened since that military operation began. there are reports in the country of casualties but those are unconfirmed. just ten minutes ago, david cameron told reporters that we should be prepared...
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Jan 17, 2013
01/13
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CNNW
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government says it is taking the lead on the hostage situation. what is it doing tonight to make sure that the americans being held hostage are safe. >> the first thing they gave was to get satellite surveillance over that area which means that the fbi can now monitor to some extent what is happening on the ground. the next thing that the u.s. military did was upgrade the readiness status of the so-called commanders and extremists force. this is the small, lethal counter terrorism force that u.s. africa command did not have when the consulal ate was attacked. it allows command to be ready to go and have a team dedicated to hostage rescue and counter terrorism. this team we are told was already on its way to be in place for any potential missions that might come up. they have been diverted. they are in an undisclosed location. the defense official says with the number of potential hostage takers it would be an extremely dangerous assault mission. they are hoping there is some sort of diplomatic solution to the crisis. >> certainly a shock to many h
government says it is taking the lead on the hostage situation. what is it doing tonight to make sure that the americans being held hostage are safe. >> the first thing they gave was to get satellite surveillance over that area which means that the fbi can now monitor to some extent what is happening on the ground. the next thing that the u.s. military did was upgrade the readiness status of the so-called commanders and extremists force. this is the small, lethal counter terrorism force...
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65
Jan 16, 2013
01/13
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CNBC
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is that the public really appreciates when government agencies, particularly when corporations, put their safety first. and public responded well when corporations have done that. so if there is an issue that's not resolved, it is one of the things the company ought to consider. >> you think boeing should cut it down for now? boeing should do it. customers, don't fly right now? >> they should consider it. yes, there is a whole lost financial issues they have to consider. but if there are problems with the plane and there's investigations going on, it certainly is something they should be talking about now. >> maybe phil another time we can get into the financials of what it would cost to ground the plane. we have to wrap it up there. in the long run, hopefully it leads it a safer plane. >> on deck, much more on the developing story in algeria. cia calling it a terrorist attack. well give give you latest as we learn it, coming up. >> jamie dimon says housing is back. but have you tried to refie yet? next, why the process is beyond frustrating. ♪ ♪ [ male announcer ] some day, your life
is that the public really appreciates when government agencies, particularly when corporations, put their safety first. and public responded well when corporations have done that. so if there is an issue that's not resolved, it is one of the things the company ought to consider. >> you think boeing should cut it down for now? boeing should do it. customers, don't fly right now? >> they should consider it. yes, there is a whole lost financial issues they have to consider. but if...
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Jan 17, 2013
01/13
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CNBC
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government treasury. >> okay. mr. liesman, thank you for that. >> welcome. >> citigroup out with quarterly results below analyst expectations. joining us now on the "squawk" newsline is anthony pellenny, managing director at raymond james. good morning to you. >> good morning. >> what do you make of this? $86 million in reserve releases, versus $900 million that analysts had been expecting. first of all, what were you expecting? >> bingo. they missed by about a billion dollars in reserve releases which is about 25 cents per share. >> and what happened? >> hard to say. all along citi has been much more conservative about economic recovery in the u.s., the housing recovery in the u.s., so i think this is just kind of the new ceo's double dose of caution as we head into the new year. also in front of the stress test, in general, i think these bigger banks have been pulling back a bit on the reserve releases. >> what does this portend? is this something we don't know about? >> i don't think so. i think this is clearly a b
government treasury. >> okay. mr. liesman, thank you for that. >> welcome. >> citigroup out with quarterly results below analyst expectations. joining us now on the "squawk" newsline is anthony pellenny, managing director at raymond james. good morning to you. >> good morning. >> what do you make of this? $86 million in reserve releases, versus $900 million that analysts had been expecting. first of all, what were you expecting? >> bingo. they...
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Jan 17, 2013
01/13
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FBC
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once you inform the government is wrongheaded. we already know what to do was dangerous patients with the resources in the mental health care system don't exist. gerri: dr. apple of thank you for coming on. come back soon. the elite media is treating the president on the job done over the past four years doing what he set out to do. how well the carryall banking reform? health care reform did he squeeze enough money out of the rich? they are grading the president if he carried out the to do list grading him on his own terms. that does not matter. i think is what have you done for the american people mr. president? like janet jackson song. obama said he wanted to be a chance for regional president unfortunately the changes i have seen for us is not so good. the country we assumed the paycheck gets bigger overtime is the opposite. median household income is lower. 51,190 now it is 50,054. strangely it declined more after the recession than during. a fluke that feels like a normal. the numbers of americans working are down and unempl
once you inform the government is wrongheaded. we already know what to do was dangerous patients with the resources in the mental health care system don't exist. gerri: dr. apple of thank you for coming on. come back soon. the elite media is treating the president on the job done over the past four years doing what he set out to do. how well the carryall banking reform? health care reform did he squeeze enough money out of the rich? they are grading the president if he carried out the to do...
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48
Jan 19, 2013
01/13
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FBC
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more and more dependent on the government or like the government. clearly one of the things you could read from this election a good many have that view, hard to win the pendulum back, isn't it? >> well you have to do a better job telling our story because business is creating great value in this world but it is doing a very bad job explaining that and defending itself. that is what our book is all about. it will help business people to be more successful with their businesses. to be proud of what they're accomplishing, the good they're doing in society. this is our great story. this is our great message. we have to tell it and we're helping them to do that. neil: does it make it hard when some of your colleagues earn a ton of money? disproportionate even to their company's success? as an executive making $100 million, some people are saying all right, we give him his due and his respect but that's beyond the pale? >> i think it does hurt it. again, business is judged by its, maybe perhaps most greediest members. most business people do not make any
more and more dependent on the government or like the government. clearly one of the things you could read from this election a good many have that view, hard to win the pendulum back, isn't it? >> well you have to do a better job telling our story because business is creating great value in this world but it is doing a very bad job explaining that and defending itself. that is what our book is all about. it will help business people to be more successful with their businesses. to be...
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Jan 17, 2013
01/13
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KICU
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downsizing that is going to have to happen from the impact of all the asian, european, and american governments asking for higher fuel efficiency and lower emissions. a great example of that is the honda urban suv concept. now this is a concept in the dairy loosest term of the word, because this is a car that you're going to see probably in the next year so. but what is exciting about it is, while it looks like a typical suv, it is actually very small. it has got a small footprint; it runs on the same platform as the honda fit, which is the smallest car in honda's line-up; and has a small, four- cylinder engine. so, i think this is going to be the big trend: small is going to be the new cool, and that is a result of the industry under pressure, but i think consumers are really going to enjoy the results. > let me ask you about that little baby standing behind you. 49 automotive journalists named that very car, the cadillac ets sports sedan, as the north american car of the year. is that smaller too this year? > > it sure is. you think small, sports sedan, and cadillac all in the same phrase, th
downsizing that is going to have to happen from the impact of all the asian, european, and american governments asking for higher fuel efficiency and lower emissions. a great example of that is the honda urban suv concept. now this is a concept in the dairy loosest term of the word, because this is a car that you're going to see probably in the next year so. but what is exciting about it is, while it looks like a typical suv, it is actually very small. it has got a small footprint; it runs on...
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Jan 17, 2013
01/13
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CNBC
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government nor the u.s. government able to provide any clarity about the state of that on peril rags. there are conflicting reports about casualties. b.p. along with other energy companies in the country are moving nonessential employees from algeria. once again, in the last hour the white house strongly condemning the attack on the plant and the white house spokesperson saying president obama is being briefed regularly on the situation. they would not provide any clarity about whether or not there are u.s. drones over algeria at this point. to give you the background, a group connected to al qaeda has claimed responsibility for this attack. they said it is in retaliation for fran's moving into mali. they tried to put a stop to islamic militants trying to take over that country. >> michelle, the earlier reports i saw in the associated press, news source, there were multiple fatalities, maybe as many as 35 among the whose stages. that is now an unreliable report, right? >> absolutely. at this point no one at
government nor the u.s. government able to provide any clarity about the state of that on peril rags. there are conflicting reports about casualties. b.p. along with other energy companies in the country are moving nonessential employees from algeria. once again, in the last hour the white house strongly condemning the attack on the plant and the white house spokesperson saying president obama is being briefed regularly on the situation. they would not provide any clarity about whether or not...
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Jan 16, 2013
01/13
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FOXNEWSW
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government. i don't think there is any question that they are emboldened. the key thing to remember here. we talk about this last night. the groups have been growing in strength over the past several years. this is not the first person to do it. the commander in july said, "the u.s. government missed an opportunity to deal with al-qaeda in the aqim when they had a chance." that devastating indictment from the administration. >> bret: we will hear more about the policy arguments ahead of secretarybe clinton testifying january 23 about benghazi, too. that is it for the panel. but stay tuned to see a video that may be too close for comfort. living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. humira, adalimum, can help treat more than just the pain. for many adults, humira is clinically proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other type
government. i don't think there is any question that they are emboldened. the key thing to remember here. we talk about this last night. the groups have been growing in strength over the past several years. this is not the first person to do it. the commander in july said, "the u.s. government missed an opportunity to deal with al-qaeda in the aqim when they had a chance." that devastating indictment from the administration. >> bret: we will hear more about the policy arguments...
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Jan 17, 2013
01/13
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government or state government to take up the cause. i don't think that the stock can go to zero unless the justice department attempts to shut it down. he it's clear that ackman himself needs to have the help of the government to make those charges matter. i don't think he will get one powerful enough to stop herbalife's growth, maybe slow it, but not stop it. slowing down may not even matter. the justice department, ever since it shut down arthur anderson at the time of enron by indicting the firm has never gone after a company with the idea of wiping it out and cause thousands of jobs to disappear. and ch is exactly what would happen. the stc, i don't think they will take the kind of action that ackman needs or wants. i believe it wants as much disclosure as possible. and i think herbalife is doing that. i don't think the s.e.c. will find anything that can be referred to justice for criminal prosecution. so my view is that ackman has a weak ally, partner in the government. even cnbc's own herb greenberg, a fabulous documentary that y
government or state government to take up the cause. i don't think that the stock can go to zero unless the justice department attempts to shut it down. he it's clear that ackman himself needs to have the help of the government to make those charges matter. i don't think he will get one powerful enough to stop herbalife's growth, maybe slow it, but not stop it. slowing down may not even matter. the justice department, ever since it shut down arthur anderson at the time of enron by indicting the...
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Jan 17, 2013
01/13
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. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak the veterans administration to negotiate with the manufacturers, the drug companies, for lower drug prices. and i guess the point is that there are -- >> it doesn't work. didn't work in the case of drug prescriptions. if you were to expand this to care, what -- >> no, no. >> what is the chance you would get more bang for the buck? >> here's the difference. if medicare were allowed to negotiate with the pharmaceutical companies it would work, and again, that estimate is about over ten years, about $200 billion in lower prices that the federal government and consumers would ha
. >> when is the government -- when is the government ever done that? with george bush's plan, you were critical and had a right to be for prescription drug benefit. the argument ises that it would drive down the cost of those drugs. if anything they have soared since that benefit came in because the government cannot act as a source of even buying in bulk for cutting prices. >> that's exactly right. and in fact i'm also supportive of legislation that would allow medicare, just leak...
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Jan 22, 2013
01/13
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KRON
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swiss economist at klaus schwav called for the business and government leaders headed their to focus on caution realism and recover public trust to avoid another major financial crisis. >> during the first half of last year part of the bay area had an increase of 4% experts say the rent flattening could be caused by some renters deciding to buy instead sends interest rates are so low. >> twitter said it is working on fixing issue which is causing a service out for millions of users. people here on the west coast began reporting problems logging on to twitter yesterday's. >> as is unusual the case, the problems are in to midnight do not affect all users. people on the east coast are reporting no problems at all. >> the twitter app for mobile devices is also up and running with no issues. twitter has not yet identified the exact problem. i just checked my twitter account there are no problems maybe it is fixed. >> siruis xm radio in a comedy central are teaming up to create a new comedy channel on the satellite neradio service. it will showcase the television networks stable of stand-u
swiss economist at klaus schwav called for the business and government leaders headed their to focus on caution realism and recover public trust to avoid another major financial crisis. >> during the first half of last year part of the bay area had an increase of 4% experts say the rent flattening could be caused by some renters deciding to buy instead sends interest rates are so low. >> twitter said it is working on fixing issue which is causing a service out for millions of users....
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Jan 17, 2013
01/13
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KGO
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conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan is equivalent of a percentage rate of 108%. a 30 day loan, 91%. annette smith of rockland needed to pay for smog repairs and registration on her truck. she didn't have the money, so they she twont her bank. now, the bank won't give her a traditional loan but suggested that she might want to use a wells program called direct deposit advance. >> i zrnt to have collateral. i didn't have to have a credit check. and i felt that that was a good service. you know? >> wells fargo let her borrow up to $500. she had to die to it her monthly direct dep
conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20...
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Jan 22, 2013
01/13
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KICU
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that's what companies and people and even governments do to succeed. you also have to have a team. you have to be flexible. you have to take risks. and when you fail you have to learn from your failure, pick yourself up, get up and do it better next time. gary, those don't sound like radical ideas. it seems like almost common business sense. well some of it is common business sense of course. there's a lack of common business sense with some companies. you also have to figure out what you're good at. one of the things that is uncommon, people say they have weaknesses so therefore they should correct them. no, for people and even for businesses you're not going to correct your weaknesses but you hire people that will correct the weaknesses. you don't try to change people. how do you motivate people? not just by money. you have to get to know them as people and understand their needs and wants and desires and they go through lifecycles. you have to do things differently and think outside the box. provide something that people want to buy and listen to your customers. and who listens
that's what companies and people and even governments do to succeed. you also have to have a team. you have to be flexible. you have to take risks. and when you fail you have to learn from your failure, pick yourself up, get up and do it better next time. gary, those don't sound like radical ideas. it seems like almost common business sense. well some of it is common business sense of course. there's a lack of common business sense with some companies. you also have to figure out what you're...
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Jan 16, 2013
01/13
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KPIX
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government predicts sea levels will rise between 1 and 4 feet by the next century. bigad shaban, cbs news, long beach, california. >>> when we come back on this wednesday, lifting spirits with a song. students from sandy hook elementary school gather for a special recording. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a better day. crashes into a crane during the morning rush hour. what witnesses saw moments before the accident. plus: the dream has turned into a nightmare. the latest 7-8-7 mishap... that's created havoc for bay area travelers. and rowdy reaction. oakland city leaders meet to discuss a surge in violence. why the plan to hire a consultant is meeting stiff resistance. join us for cbs 5 eyewitness news this morning... beginning at 4:30. good morning. it's wednesday >>> here's a look at the weather in some cities around the country. washington, d.c., 46. atlanta, partly sunny, 62. st. loui
government predicts sea levels will rise between 1 and 4 feet by the next century. bigad shaban, cbs news, long beach, california. >>> when we come back on this wednesday, lifting spirits with a song. students from sandy hook elementary school gather for a special recording. ( birds chirping ) everything's better with a great cup of coffee. exceptionally smooth and perfectly balanced for a harmonious blend of flavor, body and aroma. green mountain coffee for your keurig brewer. brew a...
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Jan 17, 2013
01/13
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KPIX
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they say two people have been killed, one brit and one algerian and the algerian officials say the government is in talks with the u.s. and with france about whether an international force can help with this standoff. algerian troops now surround the natural gas field where terrorists are holding dozens of workers hostage including several americans. the two sides are in an apparent standoff. the militants claiming to be part of al qaeda stormed the complex in the sahara desert wednesday morning killing two people and injuring six others. u.s. officials say they're in constant contact with algerian authorities. >> by all indications, this is a terrorist act, and the united states strongly condemns these kinds of terrorist acts. >> the terrorist group called the mass brigade is reportedly under the command of this man. he goes by an arabic nickname meaning one-eyed man and is known to have ties to al qaeda. the obama administration says it is not releasing the names of the american hostages for their own security. >> i'm not going to get into any further details as we continue to work on this
they say two people have been killed, one brit and one algerian and the algerian officials say the government is in talks with the u.s. and with france about whether an international force can help with this standoff. algerian troops now surround the natural gas field where terrorists are holding dozens of workers hostage including several americans. the two sides are in an apparent standoff. the militants claiming to be part of al qaeda stormed the complex in the sahara desert wednesday...
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Jan 17, 2013
01/13
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FOXNEWS
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people tell pollsters they want the government cut down, but they don't want the government shut down. republicans lost ground when they have done that and end up not coming out with much. my sense is they have to pick which of the next three points of pressure is the best to use to track spending cuts. they need to stake out a position to sound reasonable and stick to that. all of them need to be saying the saying the same thing or close to the same thing. >> bret: may not be the debt ceiling. >> it could be the sequester with the forced spending cuts in law to take effect. republicans live with the defense cut it's not that -- they can live with the other cuts. >> bret: journalist has historical perspective on the fun control effort. up next, gullible or culpable? the fake girlfriend of college football superstar. so...how'd it go? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from ca
people tell pollsters they want the government cut down, but they don't want the government shut down. republicans lost ground when they have done that and end up not coming out with much. my sense is they have to pick which of the next three points of pressure is the best to use to track spending cuts. they need to stake out a position to sound reasonable and stick to that. all of them need to be saying the saying the same thing or close to the same thing. >> bret: may not be the debt...
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Jan 23, 2013
01/13
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KNTV
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once it's approved by the senate, which will likely happen very soon, it will allow the government to borrow enough cash to meet three months' worth of debt obligations. the proposal also includes a measure that would withhold pay for house or senate members if they fail to pass a budget plan. the senate has not passed a budget since 2008. critics say the proposal is just meant to pressure the senate and only delays a potential debt disaster. >>> we're following a developing story out of san francisco where the bomb squad has been called to an area not too far from at&t park. police say a military ordnance of some kind was found at a construction site near third street. this is a live look from our nbc chopper overhead there checking out the scene. all this happening right across from mccovey cove. you can see traffic snarled up, being rerouted around that area. as of right now, this is still an active situation. we will, of course, keep you posted on this one and let you know what prompted the bomb squad to be called there once we know. >> it took hours of cursing, screaming and deba
once it's approved by the senate, which will likely happen very soon, it will allow the government to borrow enough cash to meet three months' worth of debt obligations. the proposal also includes a measure that would withhold pay for house or senate members if they fail to pass a budget plan. the senate has not passed a budget since 2008. critics say the proposal is just meant to pressure the senate and only delays a potential debt disaster. >>> we're following a developing story out...
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Jan 23, 2013
01/13
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WETA
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. >> tom: are you referring to government spending cuts or or the central bank continuing with the firewall and protection. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little about the united states, because you do address the u.s., and obviously congress and the president keep putting off decisions on spending cuts for america's government budget. how does that postponement impact your forecast? >> we have assumed that basically the fiscal confrontation for this year will be about 1.25%. it could be worse. the scenario under which it is worse, is the case in which the administration comes in. if administration comes, the cuts in spending, there will be and additional half a percent. i think we have a forecast of 2%, and a decreased goal of 1.5%. >> tom: slow but steady growth in the united
. >> tom: are you referring to government spending cuts or or the central bank continuing with the firewall and protection. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little...
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Jan 20, 2013
01/13
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FBC
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government the woman who has a job thanks to the auto rescue. the dad's whose family is protecting thanks to the health care law. i think you get the point. austerity isn't the point. more government is. this inaugural weekend is all about a blueprint for revving it up. the white house says it is low-keying the inaugural festivities because of economy, somehow cutting yourself down to two presidential balls doesn't exactly strike me as sacrifice, as much as a slap in the taxpayer's face. to joe perry, marco and chris. not exactly partying. more like watching and worrying. what do you make of what is going on, joe? >> really what has happened is the administration has brought back the specter of uncertainty. we're in the trenches. we're lending money. banks like gold coast really look to help small businesses out, help them realize their dreams. help them have their businesses grow and what the administration has done with the tax hikes that will affect these small businesses, they have essentially --. neil: have you seen that? >> put a damper, y
government the woman who has a job thanks to the auto rescue. the dad's whose family is protecting thanks to the health care law. i think you get the point. austerity isn't the point. more government is. this inaugural weekend is all about a blueprint for revving it up. the white house says it is low-keying the inaugural festivities because of economy, somehow cutting yourself down to two presidential balls doesn't exactly strike me as sacrifice, as much as a slap in the taxpayer's face. to joe...
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Jan 18, 2013
01/13
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CNBC
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government? or have you? have you talked with the u.s. government? >> i mean, it is not like they don't know i'm here. the blog is read by everyone. i have -- i have talked to gentlemen at the u.s. embassy in belize. >> john, i have to interrupt you. they say quote, i'm not asquare that anyone at the embassy ever discussed this with mr. mcafee and maybe they hadn't admitted this and they say no, they haven't talked to. >> you well, if the government doesn't wack want to talk about it or admit something is going on, then they won't admit we talked. now i did this on my own. it is clear in many cases, the united states government is aware of threats. and chooses to do nothing because there may be wider threats that i have no knowledge of. but i do have knowledge of this and i'm talking about it. they haven't shut me up yet. i haven't been arrested. the cia hasn't issued a warning. and i will continue to talk about this. >> i do mean this with all due respect, but your stories are wild. right? >> no doubt. >> why should we believe you? >> well, i mean,
government? or have you? have you talked with the u.s. government? >> i mean, it is not like they don't know i'm here. the blog is read by everyone. i have -- i have talked to gentlemen at the u.s. embassy in belize. >> john, i have to interrupt you. they say quote, i'm not asquare that anyone at the embassy ever discussed this with mr. mcafee and maybe they hadn't admitted this and they say no, they haven't talked to. >> you well, if the government doesn't wack want to talk...
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Jan 17, 2013
01/13
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KNTV
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this action essentially ground all 787s around the world, because other governments generally follow the faa's lead. the faa's emergency air-worthiness directive says before any other 787 can fly, the operator on the boeing must prove the batteries are safe. >>> on the runway in western japan, an evacuation after the captain of a 787 got a warning light and thought he smelled something burning. the incident comes just a week after the fire in the belly of another 787 in boston. now investigators are taking a hard look at the 787's electrical system and lithium batteries. >> we've had two incidents involving batteries, involving charging circuits, that are under question that have resulted in one case a fire, one case of smoke. >> reporter: today's problem was located near the lithium batteries in the forward bay, underneath the flight deck. behind the nose. last week's fire was behind the wings in the 787's aft electrical bay. the lithium batteries there that run the auxiliary power unit were severely burned and charred. lithium batteries like those used in computers have been known
this action essentially ground all 787s around the world, because other governments generally follow the faa's lead. the faa's emergency air-worthiness directive says before any other 787 can fly, the operator on the boeing must prove the batteries are safe. >>> on the runway in western japan, an evacuation after the captain of a 787 got a warning light and thought he smelled something burning. the incident comes just a week after the fire in the belly of another 787 in boston. now...
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Jan 15, 2013
01/13
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KQED
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and they are viewed, especially government funds, and the retail investor i think is in a situation where there are lot oss of small accounts. continued it would take a huge number of accounts to really cause a problem without the fund. >> tom: a multitrillion dollar market, bob pozen with us from harvard business school. thanks, bob. >> thanks for having me. >> susie: some big wins for general motors on the first day of the north american international auto show in detroit. gm's cadillac ats took home "car of the year" honors at the show's kick-off event. the award is the latest in a string of accolades for the ats. cadillac's luxury compact sports sedan is the lightest car in its class. g.m. also unveiled its latest edition of the chevy corvette. the seventh generation model brings back the stingray nameplate, which baby-boomers will remember last from the 1970s. g.m. hopes the sleeker model will get corvette lovers to upgrade, while also attracting younger buyers. >> we also want to expand the owner base maybe to a younger audience those in their early 40's if you say who are looking t
and they are viewed, especially government funds, and the retail investor i think is in a situation where there are lot oss of small accounts. continued it would take a huge number of accounts to really cause a problem without the fund. >> tom: a multitrillion dollar market, bob pozen with us from harvard business school. thanks, bob. >> thanks for having me. >> susie: some big wins for general motors on the first day of the north american international auto show in detroit....
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Jan 17, 2013
01/13
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MSNBCW
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we're certainly concerned about reports of loss of life and are seeking clarity from the government of algeria. >> militants say it's payback for france pounding targets in mali with the help of american drones. aman, we are getting dribs and drabs and not a lot of confirmation and quite honestly they don't, meaning u.s. officials, scrambling to find out what happened. a report said a spokesperson for the group said 25 hostages freed. six others killed. we don't know if that's true or where this is coming from. >> we don't. in fact, a short time ago, a news agency which is in touch with the rebels or the militant group that took these people hostages reporting that 35 hostages had been killed in a military operation. we know that the algerian military did attempt to rescue the hostages. whether that was a spontaneous moment of opportunity, they tried to seize or whether or not it was, you know, a preplanned assault to free them, we don't know. they're tight lipped but a military operation went on and it seems from the developments there's bad news in the coming hours. >> back to the so
we're certainly concerned about reports of loss of life and are seeking clarity from the government of algeria. >> militants say it's payback for france pounding targets in mali with the help of american drones. aman, we are getting dribs and drabs and not a lot of confirmation and quite honestly they don't, meaning u.s. officials, scrambling to find out what happened. a report said a spokesperson for the group said 25 hostages freed. six others killed. we don't know if that's true or...